Clear insights into critical issues

As a power or utility company, you’re operating in a world of uncertainty, changing regulatory frameworks and environmental challenges. You need to maintain a secure and reliable supply, while anticipating change.

Our Global Power & Utilities Center doesn’t just react to changing market conditions, we help shape them. We don’t just know the issues, we’ve analyzed what’s behind them to understand the impact they have on you and the way you do business.

The Center brings together a worldwide team of professionals, sharing knowledge and experience we’ve gained with power and utilities companies around the world.

You benefit from timely insights on the most pressing industry issues, from accessing fuel sources at competitive prices to navigating the complex environmental agenda. And we provide you with assurance, tax, transaction and advisory services that are tailored to your needs.

Wherever you are in the world, we support you in managing uncertainty and making the most of change.

Overwhelming support for
IFRS in the US

The most recent Hot Topic publication from Ernst & Young’s Professional Practice Group summarizes the views and comments of the four panels convened in December 2007 by the Securities and Exchange Commission on adopting International Financial Reporting Standards (IFRS) (pdf, 157K) for financial reporting in the US. The report also includes our insights and opinions on the matter, including the need for the SEC to set a “date certain” when all US issuers would be required to adopt IFRS.

PUHCA repeal has encouraged utilities rebound

With the repeal of the Public Utilities Holding Company Act in 2005, deal activity is on the rise and the industry is rebounding from its post-Enron plummet. However, Joseph Fontana, Ernst & Young, reports that deals can still get sidetracked by state regulatory approvals, or fail altogether because of poorly planned transaction integration.

Energy policy act incentives being overlooked

Few companies are taking advantage of the tax incentives the Energy Policy Act of 2005 offers. Lenora Ausbon-Odom, Ernst & Young, says it's a missed opportunity not to leverage the $14.6 billion in tax incentives over a 10-year period for investments in transmission infrastructure, environmental controls, and diversification of the nation’s electric supply.

What alternative energy means for utilities

Interdependence among the world’s politicians, energy producers, and customers is helping drive the utilities industry to turn to alternative energy (AE). Utilities Unbundled, Issue 3 (pdf, 8.5mb), from the Global Utilites Center, investigates how utilities are responding to the technological and commercialization challenges AE presents. Also see regional coverage of green taxation, clean technology, and technologies and privatization in the water industry.

Biofuels Country Attractiveness Indices Q3 2007

To find out more about the growth in the Biofuels market, download the Q3 2007 Ernst & Young Biofuels Country Attractiveness Indices (pdf, 427kb), which ranks the attractiveness of the top 15 global markets for investment in biologically derived renewable fuels incorporating both ethanol, and biodiesel.

Renewable Energy Country Attractiveness Indices Q3 2007

To find out more about the growth in the Renewables Energy market, download the Q3 2007 Ernst & Young Renewable Energy Country Attractiveness Indices (pdf, 1mb), which tracks and scores investment in renewable energy. Indices covered in this edition include: All Renewables, Long-Term Wind, and Near-Term Wind.

Also available: United States Renewable Energy Attractiveness Indices Q4 2007